Hamak Gold Limited (LSE:HAMA) has reported progress in its joint venture with First Au Limited (FAU) at the Nimba gold project in Liberia. The company has completed its Stage 1 payment and received shares, securing a 35% ownership stake in the venture. A 3,000-meter drilling program is already in progress, fully funded by FAU, enabling Hamak Gold to conserve its own capital while focusing on its digital asset strategy.
Management expects the joint venture to strengthen the company’s balance sheet and sees the arrangement as complementary to its dual business model, which combines gold exploration with cryptocurrency treasury management.
About Hamak Gold Limited
Hamak Gold is a London-listed exploration company with a focus on gold projects across Africa. Uniquely, it also integrates a digital asset management strategy, offering investors diversified exposure to both the precious metals sector and cryptocurrency markets.
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